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20130106
20130114
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Search Results 0 to 26 of about 27 (some duplicates have been removed)
the case be made for all women in a college environment? you have been the president of such a school. >> one of the things people think is a single sex school is all women. we have some male professors. the tilt is female, but we have male professors. they are not sitting in a convent. you have other school that are close by. so, none of these children or young people are being koiserred. it's an important point to make. a lot of them think they are going to be. however, i think there are lots of benefits. there are some disadvantages. there are 4,000 plus colleges in the united states. 4,000. you have clernlg colleges for african-american. 45 women's colleges. you have one founded for jewish people, why not variety? i didn't go to a single sex school. a lot of women who are achievers didn't. some want to make that choice. they want to learn and be focused. they want to have the opportunity to learn without the distraction of young men in the room and they are being prepared to go into a world with all the tools that make them unintimidated by men. they have learned how to argument.
. >> it should include an analysis of perpetrator strategies in a church environment, and detail how the church has dealt with cases of abuse when they became known as well as the action it took. >> the church says it will now find a new institutes to complete the study. thomas, one time altar boy and abuse victim, intends to watch them closely. >> for more on this now, we are joined by our political correspondent. this decision to stop the steady -- how badly has it damage the reputation of the church? >> pretty badly. the head of the german central committee of catholics said that he viewed the damage is very grave indeed, and, certainly, criticism is coming from the very highest levels. as you mentioned, the german justice minister has spoken out today. she said that the whole incident calls into question the church's real willingness to get to the bottom of the abuse scandal, and she went to bat for the academic who was supposed to have carried out this study. perhaps the church is therefore now making an effort to silence him. it has said that it will be seeking a legal injunction to stop
to be an economic and political environment. that's going to be the story for 2013. >> we get a lot of people who come in who it seems to me lately there's a big divergence. there are those who are optimistic about things and think things will go well. others that say, forget it, we've seen all the gains. which camp would you put yourself in? >> i guess i'm not wholistically in either camp. it's more an optimist than a pessimist. we've seen stock correlations begin to fall a little bit. that's encouraging. it says that investors are begin to go loor fop companies that figure out how to make money in a slow growth environment. not sure what the indices will do, but i think the companies that are positioned to save other people company. i was thinking about the people who sell cnbc their coffee cups. you don't do that. somebody has figured out how to do that on large scale and make a lot of money doing it. so those kinds of companies we're going to look for. that means selectivity. that means looking in place that's we don't like from a mook row point of view such as europe. >> but from the average
the right environment for conducting elections without interference and without undue concerns in that regard for the afghan people. we also discussed in a bit of detail and in the environment that we have all aspects of the bilateral security agreement between afghanistan and the united states, and i informed the president that the afghan people already in the -- called for the strategic partnership agreement between us and the united states have given their approval to this relationship and they value it as one that is good for afghanistan. so in that context the bilateral security agreement is one that the afghan people approve and i'm sure we will conduct it in detail where both the interests of the united states and the interests of afghanistan will be kept in mind. we had a number of other issues also to talk about. during our conversations and perhaps many times in that conversation beginning with the conversation of course i thanked the president for the help that the united states has given to the afghan people for all that we have gained in the past 10 years and that
market sounds like a bull compared to that sort of an environment. >> let's talk about what harry just said though because he talked about the large umbrella-type situations that are really going to impact. demographics. >> yeah. >> the fact that the retail investor is gone. we're not going to have the same level of interest in stocks over the long term. he's expecting a big crash second half of the year. >> yeah. he's absolutely right. we've had bun buyer since 666 on the s&p in '09, the corporation itself. nobody else is in this buyer. can you imagine if somebody else does show up for a day or two? we could have a much better market. >> what's going to take us to those all-time highs, what area of the market do you want to be in to ride that wave? >> the multi-nationals. lagged the last couple of years. emerging market economies starting to do a bit better, and those companies that are geared in that direction. look, some of the u.s. companies will do fine, too. earnings are a question mark. that's -- that's part of the problem, but i think as financial and systemic risk mitigate som
they're low you're comparing them to a pristine environment that was the wilderness but the level you're finding are lower than what we would find in most cities. >> right now, well these are wilderness lakes we should say. these lakes are anywhere from 30 kilometers or sorry, 60 miles to 60 miles away from the major source. you have to fly into the lakes typically with a helicopter or something. they're not right no the oil sand operation. what is i think important to say, if you look at our most polluted site, which is about 15 miles let's say approximately from the major operation, if you look at that, that current levels would find in a city. what is different in many cities and many areas, these pollutants, specific ones we're looking at here, hydrocarbons are decreasing. what we're seeing they're increasing and if you look at predictions just from the oil sand development people themselves, they're estimating in the next 50 years they will increase 2.5 times or 150%. if you do back of the envelope calculation if nothing else changes very soon we'll be reaching levels that are qu
much money. the deposit growth here is unbelievable. but in this environment, people want net interest margin. they want the bank to make more money or more mortgages. >> some banks out there, just declined only six basis points. that's how optimistic some on wall street will be going into this quarter. the sequential decline, it's 3.56 for the fourth quarter from 3.66 in the third. as you mentioned, ten-base point decline. so that picture has been dimming a bit. total lending has increased. >> not enough to offset the incredible increase in the deposits. what did they take in over -- >> $30 billion in the quarter. >> 12% annualized. even with that rescinding of the insurance beyond 250,000, still deposit flows. yet you can't put it into productive loans or you don't want to because you worry about credit quality and we end up with contracting energy -- >> look, we're at a moment where i don't think anybody who's got a mortgage, they know they're getting a good price. the ohio regionals are going to do better. that welgs is now a sale. look, wells could go to 33. if it had been to 32,
like the county of marin has done so i encourage environment staff to dig deep into what local power is working with the local puc and there is one caution i would like to raise and that is when local power came forward some of the environmentalists in the room we were a little bit -- even though what they're doing is great and will compete with pg&e's 100% green option we need not to focus so much on purchasing. i think what we should do is change the 100% 2020 goal to locally produced energy from facilities beyond that date. >> thank you. next speaker please. >> hello commissioners. my name is paul congressmanus and part of. >> >> bon hundred% solar. there is a way to get to one heard% -- 100% and ignored in this country by the media so you might not have heard of it. it's a solar payment policy. it requires pg&e to pay 54 cents kilowatt hour to homeowners that put panels on their roo. i know a hundred people in this town that are generating surplus and pg&e is basically stealing this surplus energy at the rate pg&e is paying, so it's simply a policy that the mayor can insti
environment. if the yield curve starts to stephen as we've seen in the -- to stephen as we've seen in the first weeks of 2013, that will eliminate net interest margin pressure. profitability should improve for the group. >> how much do you care about what's going on in washington over the next two months? >> i think that's important because the austerity measures being talked about in washington will slow general economic growth in the country. and as you know, that's a real driver for bank loan growth. and so if those austerity measures are too much and puts us into possibly a recession or just slower growth, that will affect the outlook for the banks. i think you're going to see that the housing market's going to continue to grow. and that's going to be a real driver to the success of the banks this year. >> okay. now in your note to clients, you say that your four best ideas -- i'll list them. walk us through why you like them. you like discover financial services, fifth third bancorp, pnc financial, and wells fargo. >> yes, when you hook at starting with the last one, wells far
you would look at the material? >> we are all products of our experience, of our environment where we come from. i have been tempered by that experience about war. what war means, the consequences, who has to fight it. all of that experience is part of me and how i look at policy, how i look at our foreign policy, how i look at our military policy, how i judge consequences, how the world sees us, their trust in our purpose, in our power. no question that much of the questioning i've done about iraq even before we went in was conditioned tempered by that experience in vietnam. and whatever i will do in my life, whether it's in politics or outside, those experiences shape me just like anyone who has gone through war, those experiences shape you very much. one of the things it does is it makes you less inclined i suspect to jump into war. it's easy to get into war, not very easy to get out as evidenced by the johnson tapes. and you need to think through these things. diplomacy is critically important especially in the world we flive today. i think something else is important here and cer
talk about just the overall economic environment. they say there were a lot of challenges that the industry faced during the last year, including continued low interest rates and elevated unemployment. though, they're not necessarily saying great things about what they see in the economy or at least what they had seen over the last year. only comes in one take at a time. >> where, let me see? >> keep going. >> mine does. >> mine over here. >> i got to go pop out into the next thing during the next thing. >> no. wells forgo at this point 34.99 bid. so no longer actually trading higher on this. i don't know what the metric that came out, but two cents ahead on better than expected write now. >> all right. >> okay. >> talk to an analyst. >> we're going to talk to an analyst and get him on the phone. let's get a quick check on the markets. the dow falling -- would open about 12 points lower. nasdaq off by two points. s&p 500 virtually unchanged. overseas in asia, as we do a quick fly around you can see we do have a little bit of bad news. shanghai composite off close to 2% on
it is that they have no intention of doing, anyway. basically, we live in an environment where things are going to continue to change and businesses are going to feel money if they feel there's an end demand that justifies that. there's end demand in china, end demand globally and moderate end demand in the u.s. the reality is businesses have done relatively well for the last two or three years and will continue to. >> real quickly, herbalife later this week will be making a big presentation trying to defend itself from bill ackmann. your thoughts? >> look, i happen to feel that waging your short selling campaign on the air waves a way of dictating stock price, i am personally uncomfortable with. i think it's the wrong way to go about investing because it raises all these questions of are you making a legitimate analysis of the underlying business of the company or are you trying to shift the momentum in order to make money off the stock direction? >> you don't think that bill ackmann is going out, and then selling without us knowing? >> no, i don't believe that. i just don't think that's the
of opportunity in the community banks at this moment. a very tough operating environment with net interest margin low side and saw the other mortgaged-related issues and regulatory scrutiny that as been promulgated. but with the mn t, particular attention to it. it could be another dollar of earnings potential factored into those shares of the course of 2013. pay particular attention. liz: thank you so much. he lives and breathes the stuff. the closing bell ringing in seven tents. we crossed the flat line. all green on the screen. is this the end of the pc era? to the first time in five years, they sales fell and two names attacking the heat. with stocks after the break. ♪ what are you doing? nothing. are you stling our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second sta
something has to be done. that's creating an environment where real change can occur. what's important is for us to look at each other, no matter what side. i have friends on both sides of this issue, and it's the ability for us to get them to see, hey, listen, everybody has pure intent. we all have to want the exact same thing. that young man on earlier, gabby, mark, yourself, myself, we want to make sure our kids are safe, our family, husbands, wives, mothers, fathers are safe, we want to make sure people are respected. we have forgotten that. if you put your fist out and i push on you, what happens? 99% of people are going to push back. i think the most important thing right now is for us to enter the other person's world and say i know their intent is pure. we have one difference, how to do it, and what's encouraging is the vice president today saying, look, we're truly going to sit down and hear from every faction and look at what the solutions are. if we demonize, we'll be having the discussion ten years from now. we've got to step out of it. >> the guest, mr. shapiro tonight, th
we like wells fargo a lot. they get hurt in a low rate environment, they'll be helped a tremendous amount when short rates move up, and investors have not yet been willing to believe that the mortgage profits are sustainable. even though wells has got 30% market share of the mortgage market, which over time should be a positive. it's just they're not willing to give them full credit for it yet. >> moshe, thanks for your time. >> thanks very much. >> i did want to discuss some breaking news on morgan stanley. the company, a number of news outlets reporting job cuts coming there. we can confirm and clarify some of those reports. morgan stanley sources close to the company indicating they will cut about 6% of its overall institutional securities, and infrastructure staff. those cuts will total 1,600 jobs, half would be international, half will be domestic. again, 6% of securities and infrastructure. now, putting that in perspective, the company has 57,000 total employees. some have reported 6% overall, that is not correct. again, if you do the math, it would be 1,600 total. they've be
parts of the world. as far as the current environment, it's a good place for them to we, focused on the u.s. even though our growth is not exceptional, it's still solid and better than other markets to be in. >> looking towards next week, morgan stanley, goldman sachs, bank of america out on thursday. what sort of growth rates are we going to see for these guys? how easy is the -- first of all, are they going the be flatted by easy xait comparisons? >> they're going to be very flattered by easy pairsons. there were a lot of eva chavrnlgs where the value of their bonds decreased. so they hurt a lot of their bonds. but sequentially from last quarter, it's not a large growth. 6/it's going to make them look a little better. >> what is going to be the key report for you or the key thing to focus on? >> as far as wells fargo, i would say what they have to say about the housing market. is it going to continue to be overheated? is it going to improve? this is something that affects not only the banks, but other parts of the economy, as well. we've seen in the consumer discretionary secto
there are things the government can do which will improve the environment for expansion. what was interesting is that cfos are relatively happy with monetary policy. >> they tell us credit is lower than it has been focus five years. but the concerns seem to be around things like infrastructure, energy policy and immigration and in particular, the general level of regulation. so what cfos are saying to us is what worries them are things more around the microsooidz side of the economy. >> business hasn't really come up with a view for that, hasn't it? >> we'll see what comes out of that. >> thank you for joining us. if you have any thoughts or comments, please e-mail us, worldwide@cnbc.com. >>> we're getting more details on japan's xlumtry budget. kitadai-san, hello. >> hello, ross. the government has compiled an outstanding for fiscal 2012 valued at more than $14 billion. the new liberal democratic led government plans to spend a large portion of the funds on public projects. the budget will focus on targets to introduce resistant construction standards at schools and hospitals, plus provide f
>> brian, we're all products of our experience, of our environment where we come from. i have been tempered by that experience about war. what war means, the consequences, who has to fight it. all of that experience is part of me and how i look at policy, how i look at our foreign policy, how i look at our military policy, how i judge consequences, how the world sees us. their trust in our purpose, in our power. no question that much of the questioning i had done about iraq, ev before we went into iraq was conditioned by, tempered by that experience in vietnam and whatever i will ever do in my life, whether it's in politics or outside, those experiences shaped me just like anyone who has gone through war. those experiences shape you very much. and one of the things it does is it makes you less inclined, i suspect, to jump into war. it's easy to get into war, not very easy to get out as evidenced by the johnson tapes. and you need to think through these things, diplomacy is critically important especially in a complicated world that we live in today. i think something else is important here
there is cognitive behavioral therapy. mind physicalness. sleep environment. make sure you take an hour before you go to sleep at night to wind down. make sure the environment is dark and cool. 65 to 75-degrees is best. >> a cooler room? >> cooler room. i write something down in a journal? what's that do? >> you can't solve the problems of the day in the middle of the night. write it down. you will forget what you're up thinking about at night. write it down. reach out to a friend or sleep specialist. >> doctor are you are a sleep specialist have you ever taken a sleeping pill. >> no, i never have. >> what's your technique? >> mike, unfortunately all of us, you included we have some demands and expectations, irregular schedules but it's like diet. sometimes you go out and you are with colleagues and you will eat that cheese cake. you don't do testify single day. you follow these simple rules. the journal and keeping a regular schedule is so important. it really is is. >> is scotch in there anywhere? no? >> some people are using it but with the ambien it would be a problem. >> don't do that? >> don't
Search Results 0 to 26 of about 27 (some duplicates have been removed)